Because of social distancing, stay-at-home orders, and other COVID-related challenges, buying a home sight unseen has become increasingly common. And when you do it the right way, you can find exactly what you’re looking for in a property—without ever actually seeing it in person. But if you do it the wrong way? It can be a real challenge. So, the question is, what are the biggest mistakes buyers...
The start of a new year always compels people to take a fresh look at their goals, from health and career to relationships and finance. But with historically low mortgage rates, increased home sales and price growth, and a tight housing inventory, the time is right to also make some homeownership resolutions for 2021. Home buyers, is this the year you work to improve your credit score, pay down some...
There’s no bad time of year, or perfect time of year to buy a home. But if you’re shopping for property during the winter season, there are definitely things you want to keep in mind—and mistakes you want to avoid—during the process. But what, exactly, are those mistakes? A recent article from realtor.com outlined common mistakes potential buyers make during the winter (mistakes...
There are several different data points to review when analyzing the current state of the Mammoth Lakes real estate market including median price, days on market and total inventory sold. Below is a snapshot of the last several years of transactions closed and current inventory in Mammoth Lakes. Note that this report doesn't include any of the outlying areas beyond Mammoth Lakes. Mammoth Lakes...
The COVID-19 pandemic has forced many people to reexamine where they live—and in response, many are choosing to relocate. But how many people are looking to relocate—and what’s driving those relocation decisions? A recent survey from LendingTree found that nearly half (46 percent) of respondents were planning to relocate in the next year—and that number was even higher for people...
There are several different data points to review when analyzing the current market including median price, days on market and total inventory sold. Below is a snapshot of the last several years of transactions closed and current inventory. Condos Through 11/30/20 2019 2018 2017 2016 2015 2014 Median* Sold Price $479,500 $450,000 $402,500 $349,900 $299,750 $305,000 $292,500 Median* Days on...
I love supporting local businesses in Mammoth Lakes. Living in a small town, you get to know business owners personally. Especially this year, supporting a small business makes a big personal impact and really helps a community. Here are a few of my favorite shops and things in Mammoth Lakes. There are many more great businesses that aren't listed in this guide. Try to shop local as much as you can,...
Winter is typically a slower season in real estate—but 2020 is poised to change that in a big way. Low inventory, high buyer demand, and record-low interest rates are setting up this winter season to be one of the best seller’s markets in recent history—and if you’re thinking about selling your home, now is a great time to make a move. But how can you take advantage of this historic...
Guest Post by Brian Jaegers, ChFC, Insurance Scouts Buying a home in Mammoth Lakes is an exciting move. But as soon as you dive into the process, all the contracts and logistics can feel overwhelming. I’ve had phone calls with many new home buyers in Mammoth Lakes who are stressed out once the purchase is in motion because they can’t find good insurance. Living in a rural, wildfire-prone area,...
There’s no denying that the COVID-19 pandemic has completely changed day-to-day life in America. But how has it changed the experience and process of selling a home? The 2020 National Association of REALTORS® Profile of Home Buyers and Sellers compared home sellers before and during/after COVID-19. Some of their key findings included: Homeowners wanted to sell both before and after COVID...